Pennon Group (LON:PNN) Trading Down 20.6% – Time to Sell?

Pennon Group Plc (LON:PNN)’s share price was down 20.6% during trading on Monday . The company traded as low as GBX 422.60 ($5.27) and last traded at GBX 465.60 ($5.81). Approximately 2,519,182 shares were traded during trading, a decline of 28% from the average daily volume of 3,477,662 shares. The stock had previously closed at GBX 586.26 ($7.32).

Pennon Group Stock Performance

The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 343.14. The firm has a 50-day moving average price of GBX 566.82 and a two-hundred day moving average price of GBX 581.92. The firm has a market cap of £1.32 billion, a PE ratio of -11,500.00, a P/E/G ratio of 8.20 and a beta of 0.29.

Pennon Group (LON:PNN) last released its earnings results on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) earnings per share (EPS) for the quarter. Pennon Group had a negative return on equity of 0.74% and a negative net margin of 1.05%. Research analysts forecast that Pennon Group Plc will post 1.0402417 EPS for the current fiscal year.

Pennon Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, January 30th will be issued a dividend of GBX 14.69 ($0.18) per share. This represents a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, January 30th. Pennon Group’s dividend payout ratio is currently -152,500.00%.

Pennon Group Company Profile

At the top end of the FTSE250, Pennon is an infrastructure group, focused on the UK water market is one of only three listed water companies in the UK. Operating in a stable regulatory environment with a positive outlook, we are focused on long-term sustainable growth, through disciplined capital allocation, organic and acquisitive.